Bioethanol Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com

The "Bioethanol Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global bioethanol market to grow with a CAGR of 4.2% over the forecast period of 2018-2024.

The report on global bioethanol market provides qualitative and quantitative analysis for the period of 2016 to 2024.

Bioethanol is used as fuel substitute for road transport vehicles. Bioethanol is mainly formed by the sugar fermentation process as well as by the chemical process of reacting ethylene with steam. The sugar is derived from crops that are specially grown for energy use including corn, wheat crops, sawdust, cord grasses and others. The ethanol is a colorless liquid with low toxicity and does not cause any environmental pollution if it is used as fuel for transportation vehicles. Thus, ethanol is now considered one of the best suitable alternatives for traditional fuels.

Transportation vehicles are one of the major pollution contributors as they produce significant amounts of carbon monoxide, nitrogen oxides and other pollutants according to the EPA (U.S. Environmental Protection Agency), which sets National Ambient Air Quality Standards (NAAQS) for six common air pollutants that include Carbon Monoxide, Lead, Nitrogen Dioxide, and others. Thus, people are shifting towards ethanol based cars which in turn would help the bioethanol market.

The environmental related concerns are rising among the population across the world, which creates the demand of bioethanol products worldwide. The fuel produced from crops is not only used for transportation purposes but also in power generation, chemical manufacturing, cogeneration systems, cosmetics industries and others as they are easily available and provide clean burning, which is driving the growth of bioethanol market. However, growing adoption of hybrid and electric vehicles can hinder the growth of the market. Moreover, ongoing research and development to introduce new crops for bioethanol production is likely to serve more opportunities for the bioethanol market in upcoming years.

Geographically, North America accounts for a major share of global bioethanol market and Asia Pacific is growing with the highest CAGR. In the North America region, in various countries such as U.S., the governments have some stringent environment related regulations; as a result, bioethanol is used as an alternative to the traditional fuels. Furthermore, the technological advancements and easy availability of the raw products for bioethanol are likely to escalate the growth of the bioethanol market in this region. Moreover, presence of major agriculture countries such as India & China and the availability of the land for the production of corn, wheat crops, sawdust, cord grasses and other are driving the market of biodiesel in the Asia-Pacific region.

Segments Covered

Global Bioethanol Market by Raw Material

• Sugar-Based
• Starch-Based
• Cellulose-Based

Global Bioethanol Market by Blend

• E5
• E10
• E15 To E70
• E75 To E85

Global Bioethanol Market by End Use Industries

• Transportation
• Alcoholic Beverages
• Pharmaceuticals
• Cosmetics
• Chemical

Company Profiles

• Archer Daniels Midland Company
• E. I. du Pont de Nemours and Company
• Royal Dutch Shell PLC
• Vivergo Fuels Limited
• Honeywell
• New Generation Biofuels Holdings, Inc.
• CropEnergies AG
• Butalco GmbH

For more information about this report visit https://www.researchandmarkets.com/research/5hlc9x/bioethanol?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005675/en/